"In 24 Months You Could Walk Away With About 4 Million Pounds" | Dragons' Den
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- Опубліковано 4 жов 2024
- William Berry launched a university accommodation website with a business partner. He's seeking a £150,000 investment for 15% of his company, Accommodation For Students.
Season 2, Episode 3
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
#DragonsDen #BusinessPitch
Website still running strong! I used them for my undergraduate and masters housing
prove it
I liked William he did a good introduction, kept to his ideas and held his ground against the greediness of the two dragons...
So Doug thinks he can sell the company for 10 million in 2 years but is unwilling to put 150k in for 25% which will give him 2.5 million return 🤔
Jeah, it's a joke
Doug is a dirty wrong-un
I love when Dragons are able to call out the bs of the other Dragons.
Doug Richard is very excited by the idea of students
😂😂😂
Normally that would be Duncan who likes the idea of mortgaging some poor family's farm and then taking advantage of the 18 year old daughter.
@@davicool9958 Wow I'm intrigued that's interesting, do you have the full story please?
@@thevan3293 - I wish I could remember the episode of DD where Dunks took a percentage of the family farm while eyeing the farmer's cute nubile blonde haired blue eyed barely legal daughter...
And if I have my ducks/perverts/misogynists in a row - I'm sure he went out there personally to collect payments. It was his insidious "Joker" grin that told the whole story .
Can't believe the jury let him off. He always creeps me out when he is in one of these episodes.
Well done young man , they tried to bully him, proud of this guy, their jaws dropping to the ground.
Doug Richard is definitely my least favourite dragon ever to be on the show. It’s something about the way he talks in monotone and never smiles.
Hes the rudest dragon that's ever been on the show. Iv never seen him crack a smile either. I can't stand him
@BOOPS BOOPS if you saw him smile it was probably when he was sucking the blood out of someone’s neck
@BOOPS BOOPS I might have seen a smug smirk but I don’t think he’s ever shown his teeth.
He is happy with teen students
I wouldn't like to work with him. Has he ever invested?
9:16 theo _definitely_ forgot doug’s name for a moment there haha
I can see why Douge didn't last very long on the show ... there's something creepy and unsettling about him ...
They only have to invest in one or two a season, I think he left because it bored him
Look him up, there definitely was something unsettling about him.
This is the exact type of business that should grow organically, he was there for the publicity for sure!
Why exactly do you think that? A business that is easy to copy with a low barrier to entry is generally the exact type of business that needs rapid growth to survive. Otherwise someone else will beat you to it.
@@calsmyth4483 I would also agree with what you're saying. Theres no reason say rightmove could just create a studentmove website and blow them out the water completely. Already established companies could snap his idea in a second and do it better. A lot of people do go on there for the exposure but he really could use a dragon on his side to get the business growing exponentially faster.
Not at all. This is a classic case for VC, growth over revenue investment. Growing organically forces you to capture revenue and that’s a distraction for a business like this.
@@calsmyth4483 In tech, you either become successful on the merits of your platform or you don't.. Facebook would not be bleeding users if money could buy engagement. Then again, it's just my opinion - I'm not an expert and I welcome all opinions that may make me smarter 👍👍
@@the_endling You really don't understand tech at all if you think you just "get there on your merits". You don't - it's not the first idea that wins, it's the most rapidly funded and promoted that does.
Your argument only makes sense for a business that is highly unique and is difficult to copy - this is neither of those things. The ONLY thing that will make it win is getting to the top first - and slow organic growth will never do that.
Doug has the warmth and charm of a blood sucking tic. I can see him trading the kidneys of orphans to make a fast profit. "Greedy? Whadya mean? The kids get 50 bucks a kidney!"
Every day I get a little older, and each video has the dragons looking a little younger 😂
If I didn't know any better, I'd say the dragons were sapping our vital energies
Skin care and face lifts cost money ......... ! And the longer they go on for the more they need it. LOL. And they are always "NEW" latest; this year's Episodes ......
All these new products on the market, if not a good face lift 😂
Adrenochrome isn’t cheap.
@Lee Claxton nah. She used to look so much younger
Exactly the reason Doug had to go... Invested only twice over two seasons and although he did make offers, they were really poor.... Thankfully dragons today are a lot fairer and are actually looking out for the entrepreneurs... Not just themselves. Also Doug and Theo are acting like gangsters with a lot of anger, not investors.. Wouldn't want to work with them at all..
Not to mention him being a creep 🤢
@@RCLeahcar what do you mean creep? how so?
@@Joz1 It's why we call him Theo Paphetus :~)
i agree. they are bullys.
A horrible bloke was Doug.
Wonder which dragon has been unusually quiet today
5:40 he had to stop himself from giving out good ideas for free 🤣
Rachel: “I had to borrow a tenner to afford the bus fare to get to the studio, so for that reason I’m out”
She had to borrow it off Duncan (check out what happened to Red Letter Days)
She bankrupted her companies and so i wouldnt take any advice from her 😁
What a rip off offer. If this was today, the offer would be 10% max. The data the site has offered is of enormous value...
AFS built a decent business (still operating) and with the right leadership (not Theo) probably could have navigated a good exit. But silly, anti-founder terms like that are a nonsense and ruin working relationships before they start. Amateurish behavior from the Dragons.
fully agree with rachel here. Those too were trying to scam the guy, and actually were really rude the whole time...
which is why i love the old episodes 😀
I saw a business proposition put on the table but he declined. Where's the scam?
@@967mviews2 maybe with the 4 million pounds they mentioned
@@jumble-1238 thats a forecast not a scam.
@@967mviews2 anyone could say that. They’ve no way of proving it to him. I get lots of spam emails promising me millions.
@@jumble-1238 It's still not a scam
Confident young man, good to see him telling these 2 capitalist pirates where to get off.
What an idiotic response, they are all capitalists including the contestant
He wanted £150,000. Maybe he should try a bank if he’s not willing to give shares.
Calm down, Vivien
Well said komrade
Are there any non-pirate capitalists?
Episodes before Debra are weird to me.😂
They’re less pompous actually.
Good on Rachel for trying to call them out
I think their attitude to that young man was arrogant and rude and downright Wrong
it is fecking business - not a trivial social gathering..
they provided him with the best chance to quickly make millions..
@@andipandi5641 even if it is business dealings you have to be equitable or you create an uneven monopoly -
This is what the supermarkets do to the farmers.
@@CEO786
you are conflating a number of different issues..
supermarkets do use their monopoly to unfairly exploit farmers..
the business model being proposed here by Doug was also aimed at quickly establishing something of a Monopoly in this rental market..
however - that was not the point of contention.. the guy was up for that .. all that was not settled was the share of that monopoly that he would own himself..
I think they all acted arrogantly in the earlier series. The style seems to have changed a lot since then.
Who is Wrong and how can I contact him?
There's something about the background music that's 70's ish and hypnotic.
Everytime!
I think Theo was just hanging onto Doug Richard's coat tails in this. Even his high status posturing (you need me more than I need you) was triggered by Doug Richards getting in there first. Two nasty little men.
Have noticed Theo do that in other episodes.
@@stevenmccann7080 Yes, he does
Both Doug and Theo were unnecessarily rude and aggressive
His co-founder bought him out in 2017 for an undisclosed sum.
What his name?
@@issahfaiza7412 William Berry
Rory has just set up a website selling the locations of all the best seaweed beaches in Scotland…
??
Lol, if this type of business was on the show today it would be valued at millions more.
depending entirely on whether big fish have already moved in and swallowed up the market..
yeah, by the entrepreneur (and then they’d get torn up for their audacity haha)
Dougs greedy and ruthless. He's obviously smart and talented but I wouldn't enjoy working with him.
Doug and Theo 🤦🏻♂️🤦🏻♂️🤦🏻♂️ id rather Prefer Touker and Tej. Agree with Rachel and Peter on this one.
Touker and Tej? Did you mean that sarcastically?
Touker and Tej? Did you mean that sarcastically?
Toukker yeah, but no way Tej. Tej constantly looked nervous, was bland and boring.
@@RighteousPursuitMinistries So you decide whether a guy is boring or not based on 10-minute heavily edited videos? Have you ever visited Tej's UA-cam channel?
Wants 60% of the company AND expects him to work day and night to make it work ? If I gave away 60% of my company to the dragons I'd expect them to do all the work. Dragons were quite bullish back then.
Doug “imma need your whole business” Richard
People defending Doug here is hysterical. Leave with 40% and tell him you’d have 4 mil in 2 years. So he expects to turn 75k into 3 mil in two years with no wiggle room to budge. That kind of roi is massive. Greedy greedy greedy
Doug Richards looking out for students .. there’s a surprise
Theo trying to come across like some Greek gangsta
Tryna take 60% off the guy is too brutal…like come on
The music is very dramatic in this episode.
This show must have aired before all the Craigslist murders. It's not a trusted site. You can say for most businesses that anyone could set them up, of course, you can say the same for movies and tv shows, anyone can have an idea but the business is the organisation, work and having business sense.
Doug is very excited with some nice female students listing.
Love this guys confidence, knew exactly what he wanted, and didn’t waste his time. Great to see he went on to become very successful without these greedy scumbags.🤣
Source?
Lol they were arguing at the end
Ridiculous offers and good on the entrepreneur for turning them down
I quite liked his business model and vision for the company and exit strategy. Fundamentally it was a data company; his big revenue would come from building a database of landlords and then selling it to a big company. It was neat that he had some revenue streams along the way whilst building towards
We'll give you £150,000 for 60% of your business and you will end up with $4 million in 2 years time. OK, give me that guarantee in writing and you have a deal!
If it was guaranteed I would have
Ok, if you give me a written guarantee that your guidance and assistence will result in 4 million pound in 4 years in my hands, we have a deal for 60%. If not, the deal is 15 % or max 25 %.
He should thank his star, for not taking the deal from those two shylock dragons. That 60% offer, for a very promising business like that is called, crony predatory capitalism for sure..
Such charming folks these dragons. A wonderful bunch.
Well said Peter
Doug is angry
The investor talks about Craigslist but fails to mention all the real estate scams on Craigslist all over the world.
It's not a safe website.
Obviously not regulated properly. 🤷🏻♂️
Boy these dragons bully people around. Good for the young man to not fall for it
Doug thinks he’s it lmao
A good bit of advertising there
Ngl out of all the people I'd like on my side in terms of dragons I feel like Deborah or Duncan would be the best. Unless of course you want an office in london then we all know who you want. I've heard in terms of being hands on Deborah actually is very hands on with the businesses. Whereas I've heard lots of others just put top guys in to help with their businesses and dont even help themselves.
Phew that's lucky, for a moment I thought you were going to lie.
The guy in this video was bought out by his Co-founder for an undisclosed fee in 2017. I bet it wasn’t 4 million!
Going oversees...we got this kind of site already...(NL)
craigs list was neverv sold; ebay bought a small percentage
How the rich get richer. just greed. glad he turned it down
I think there should be a limit to how much equity the Dragons are allowed to demand and I believe that maximum should be set at 40%. I personally believe 50% is an unfair ask let alone 60%! because 50% is obviously half of their company. that's just my opinion
All that will happen in this case is that dragons will make less offers of they don't deem it worth it for 40% or less. Your regulation won't affect the outcome positively, only negatively. An entrepreneur has the right to accept or decline an offer from the dragons. Some might be happy to part with 60% and be worth 4 million is a few years. They may consider this a success. Others can say no and walk away. People are capable of making these decisions and don't need fiat imposed upon their decision making process. This man aptly exemplifies that no regulation is needed because he says no and walks away.
At east Dick Turpin wore a mask !
Hahaha 😂
If at 40% he was gonna walk with 4 mill that means they expected a 10 mill sell, 6 mill for them, so their saying 150k investment to earn 2 mill 2 years later with very little work wasn't rich enough for them, gready Doug is like poison to the Dragons.....
"I want you to work night and day while I take majority ownership and do nothing beyond putting up some of the money you need."
Doug Richard tight and greedy
This guy's poker face is terrrrible😂
These two dragons should be put out of the show.
Craigslist is used by nobody now lol
Have any of the dragons forming a company with someone who has come into the den to pitch gone bust.?
"you have to give up 60% but you better work night and day on this" what an unpleasant person doug is
YES... that was vicious! and unfair .... trying to take advantage of the fellow.
Dinner gang🌮🌯
Good that he didn’t shake on that ridiculous offer from two heartless flesh eaters dragons !!
What bugs me is Doug believes the business could grow and will be worth millions in 4 years time ! Yet still he wanted to break this poor bugger’s
b⚽️⚽️ls
And take a huge chunk of the business.
Absolutely not fair
Good on ya Rachel 👍🏻
@@Dean_dialectic is the hat true???? 😳😳😱😱😱
Jenny wasn't even a Dragon yet but still declared herself out anyways.
underrated
Meaningless....
Poor Bill got schooled with little accommodation from the dragons 😲🍻
Doug is going to beat you up
Maybe the dragons got schooled - they couldn't bully him into giving away 60% of his equity.
@@lizclegg7556 40% of something is better than 85% of nothing. Think again
@@hugoschkiglitz True, but he thinks he's got something (and so do two of the dragons).
@@hugoschkiglitz sounds like he’s doing just fine without these greedy,egotistical highway robbers…..🤣
He should have taken the offer at 50%... Attachment is an investors worst enemy.
True, but he still went on to succeed without their help anyway. He stood his ground and believed the worth of his business can’t knock him for that
@@riddyhaz7858 belief only carries you so far, the trick is to make others believe too :)
Does Rachel Elnaugh have any money ?
DR likes em young. WRONGUN
Looks like Jenny's OUT....
Too soon😭
Hahahahaha
Boring
that bussiness is nonsense, in a crowded competitive market, I would never invest on it, he should have taken the 50 and run
Who let the dough out??
Doug Richards can do 1
i seem to be blocked from replying to comments ??
and for that reason, I'm out
And today William has no millions of pounds, or......................
4 Million 😂😂😂
In 2 years 🤣
Had no chance against these hardened business people.
Someone should have handed out masks and Dick Turpin hats. Should be called vultures rather than dragons.
Glad he didn't take the offer , total rip off
Hello Dragons....
I'm out.
Disgusting behaviours from the dragons.
dour Richards offer is foolish
Regardless of the percentage, the arrogance, pomposity, and downright rudeness of that pair would make me walk away.
Im with Doug lol first thing I thought of was Craigslist. He was def one of my fave dragons, I always agree with him
Greedy dragons
Doug the type of guy people ask their kids to stay away from him in family BBQ
Doug is a arrogant creep
Can't stand Doug.
ROBBERS DEN**
Im glad they got rid of Doug. He's so lame and unlikable.
Scam Tank
Silly man.
I would have done the 50%. Now he’s going home with nothing but publicity.
Look at BabyPeter using a crap ballpoint pen!
Will be the biggest regret of his life walking away from that offer